Click
on the link to see a great bubble chart of the world's largest banks courtesy of creditwritedown.com. We talk about the US banks as if they were the most important. I look at the bubbles and the image that comes to mind is that many of those bubbles may be bursting soon.
We do have quite the ethnocentric lens when looking at banks. Granted I'm not into international business stuff, the largest banks are in the UK, Germany, and Japan. Is the media having us look at the wrong thing?
ReplyDeleteI think the media will have us look at whatever it wants us to. ;)
ReplyDeleteI often read the BBC and Financial Times to help get another perspective.
ReplyDeleteReally interesting chart. I agree with Richard that the media will portray whatever they want... but there are a couple of things that stand out to me. First, look at the top banks in the United States (majority of them were associated with bad loans that the inside job brought up). Second, Japan clearly has some pretty large banks, does anyone known how badly, these banks were affected by the tsunami/earthquake?
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